Business Intelligence (BI) is a set of reviews, methodologies, processes, that transform raw data into meaningful and useful information for business objectives. It can touch large amounts of information to help identify and evolve new opportunities. Making use of new occasions and actualize an effective strategy can provide a competitive market advantage and long-term stability. Business Intelligence presents the tools and systems that play a key role in the strategic planning process of the corporation. Companies use BI to improve resolution making, cut values and recognize new business opportunities. BI is more than just corporate reporting and more than a set of tools to coax data out of enterprise systems. Most companies gather a large amount of data from their business actions. To keep track of that information, a business and would need to use a wide range of software programs, different database applications for different divisions throughout their organization. Using makes it multiple software programs hard to get information in a timely manner and to perform analysis of the data. Sharing is important to the luck of BI plans, because everyone involved in the process must have full entrance to information to be able to change the ways that they work. BI plans should begin with top executives, but the next group of users should be salespeople. Because their work is to raise sales and because they’re often indemnified on their capacity to do so, they’ll be more likely to accept any tool that will help them do just that provided, of course, the tool is easy to use and they trust the information.
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